Why Shares of United Airlines Are Falling Today
Shares of United Airlines Holdings (NASDAQ: UAL) are losing altitude today following the release of the airline's fourth-quarter results, and are down about 5% as of this writing. The quarter, as expected, was terrible, but investors are likely reacting negatively to United's tepid guidance.
After markets closed Wednesday, United reported an adjusted fourth-quarter loss of $7 per share on revenue of $3.4 billion, worse than analyst expectations for a $6.60 loss per share on revenue of $3.44 billion.
Image source: United Airlines.
Source Fool.com
